“We want to make sure people are informed and they can make the best decision they can”

Chuck Pettid

Republic.co is the official spinoff of AngelList and allows unaccredited investors with the ability to invest in pre-vetted startup companies. Equity crowdfunding presents a new sector of investing that has been a long time in the making, but only recently introduced thanks to the JOBS act in May of 2016. Chuck Pettid, partner of Republic.co joins us to discuss the new opportunity and how their platform is working to simplify the deal terms for investors.

We also discuss how Republic sources deals for the platform and bundles the financing into “simplified agreement for future equity” in their Crowd Safe. This episode is an informative view of how startup and private investing deals are vetted and structured and is valuable at all levels of investment experience.

Listen to ILAB 40 on iTunes here or subscribe on your favorite podcast app.

ILAB 40 Show Notes

Links:

Republic.co – Website
@joinrepublic – Twitter
@joinrepublic – Facebook
Crowd Safe – Calculator Tool

@chucksterolove – Chucks Twitter

Where are we:

SoHo, NYC – Chuck Pettid
San Diego, California – Sam Marks
Chiang Mai, Thailand – Johnny FD

Recommended:

ArtofFX – start with just a $10,000 account (reduced from $25,000)

Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)

Wealthfront – get your first $15,000 managed free

Betterment – get up to 1 year managed free

RealtyShares – try it free with ILAB link

Discussed:

Indiegogo Co-Founder, Slava Rubin on Equity Crowdfunding – ILAB 32
BeatStars – Indiegogo Equity Crowdfunding
WeWork – Coworker

Time Stamps:

05:01 – Chuck’s background
06:05 – Republic.co founder story
08:02 – AngelList’s focus
09:45 – Sourcing deals
17:58 – Funding & valuation caps
22:10 – Investor limitations
26:30 – Start up fund
28:20 – Investor groups
31:30 – Vetting deals
35:00 – Crowd safe
39:19 – Calculator tool
44:50 – Future financing
46:50 – Common questions
53:10 – Investor perks
54:45 – Unanswered questions
1:00:34 – Startup Investments
1:07:01 – WeWork Co-Working

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